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20121201
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will be tracking throw our area tomorrow. donna is at the washington monument for the lightening, it is chilly but the question i have for you is -- >> it is perfect out here tonight. a little bit of chill in the air is what we needed. it is nice and clear. back in 1972 the of the-mayor saw how they lit up their monument and we can do it better and that began to cherish the lightening of the washington monument. this is the 41st lighting of the "a monumental occasion." a lot of people come here in person and a lot of people watch it here on tv. we have ladies here from the baltimore school of arts. >> my name is maddy. >> i'm maggie. >> i'm in the dance department. >> i'mally and i'm in the theater department. >> we know this is the first year that the choir has performed here, right, so why can we expect? >> something great. they were right around the corner and they are so talented and amazing. you are going to be blown away. >> are you the official fan club here? >> definitely. we worked really hard. >> number one fan. >> we've heard them warming up and they are amazing. >> i'm so excited.
spread to the attic. no injuries were reported. president obama is heading back to washington thursday to negotiate with congress, a way to avert this booklet but only the senate will be back in session. >> house members have not been called back to work. >> president obama is cutting his holiday vacation sure to come back and work on a deal. any deal may be a short-term fix. president obama will be leaving forwarmth of yhawaii washington. there is no specific deal on the table. democrats blame republicans for not agreeing to end tax cuts for the wealthiest americans. >> we're not going to let the rich pay one dime more. there is something awfully wrong with that picture. the american public is seeing that. >> republicans will not agree. they see there may be room for compromise. >> i know i am not in the majority and the red states annett -- in the senate. we have to sit down and hammer something out. >> if no deal is reached, americans will see their income taxes go up. 2 million peoplwill lose their jobless benefits. $110 billion in spending cuts will hit federal agencies. analysts
sure to return to washington. but there is no deal yet and there's a lot of criticism of house members who are still at home, at least until sunday night. jennifer jackson has the latest. >> the senate is back to work as the clock ticks and america gets closer to going over the fiscal cliff. president obama has also returned to washington. house members are still home for the holidays peeping >> i cannot imagine their consciences, wherever they are around the country. we are trying to get something done. >> harry reid is blaming house speaker john boehner for the stalemate and predicts new deal will happen before the end of the year. house republicans have rejected any compromise where the wealthiest americans no longer get a tax cut. others are still optimistic. >> these deals come together at the last minute. to paraphrase ronald reagan, there has got to be a pony here someplace. >> i would urge the speaker of the house to call is back in session, to do what america expects us to do -- address the challenges, find solutions. >> americans have a lot to lose without a deal. taxes would
federal law to disclose fees. -- breaking news out of washington. >> we're going to the white house where president obama is about to give a statement on the fiscal cliff. >> we also want to ask the wealthiest americans to pay a little more. it affects everyone striving to get into the middle class. i still want to get this done. it's the right thing to do for our families, for our businesses, for our entire economy. the hour for immediate action is here. it is now. we are now at the point where in just four days, every american's tax returns but rigid schedule to got by law. every americans' paychecks will get considerably smaller. that would be the wrong thing to do for our economy, middle-class families, and it would be bad for businesses that depend on family spending. fortunately, congress can prevent it from happening if they act now. i just had a good and constructive discussion with senate and house leadership about how to prevent this tax hike on the middle class. i'm optimistic we still may be able to reach agreement that can pass both houses in time. senators reid m. mcconnell
. >> as we wait for word of the deal, lawmakers in washington are under close scrutiny. that is because the alternative will impact almost every american. we are joined by nikole killion, who is live in washington to explain. >> some analysts say this is more of fiscal slope rather than a cliff, since the effects would be gradual, rather than a straight free fall. either way, it could be a long way down. >> higher taxes in 2013. >> 2013, taxes go up. >> several tax breaks expire and the tax policy center estimates the average household would face a tax hike of almost $3,500 in the new year. >> that means less money to buy groceries and pay the bills. >> consequence number two, delayed refunds. >> as many as 1 million taxpayers may get their money back late without a fix to the alternative minimum tax. consequence number three, automatic spending cuts. about $110 billion has to be slashed from the budgets across the board. >> the secretary of defense says it will decimate our ability to defend this nation. >> consequence number four, jobless benefits end. that have been extended before,
days before the fiscal cliff hits. good news and bad news out of washington. let's start with the good news. president obama and house speaker john boehner have agreed on a tax hike on the very rich. the bad news -- they cannot agree on who falls under that category. we have more from capitol hill. >> protesters came to the capital demanding republicans agree to tax hikes on the top 2% of americans, the original obama plan he campaigned on. but speaker john boehner is promoting a new plan, which he calls plan b. >> tax hikes on the top 1%. we will go back to the clinton era. >> plan b would protect american taxpayers to make $1 million or less and have all of their current rates extended. >> but president obama says not good enough. his new proposal is too high taxes on earnings above 400,000 and cut spending an additional $1.42 trillion. >> it seems like folly to walk away from that opportunity because you do not want to ask someone making $995,000 a year to pay a dime more of income taxes. >> some republicans say the speaker is going too far agreeing to raise taxes on anyone. >> i ha
blocked the committee from withdrawing his nomination. >> now to washington where president obama is warning republicans not to use the fiscal cliff as a borrowing limit. both sides seem to be digging in their heels with no move to avoid the fiscal cliff. fiscal cliff negotiations have been at a stand still since monday when republicans proposed raising revenue by closing tax loopholes not by raising rates own the wealthy as the president has demanded. >> we're not insisting on rates out of spite but rather because we need to raise a certain amount of revenue. >> we can't keep borrowing mown and raising taxes and expect the problem to go away. >> with no solution in sight the white house budget is now ordering the pentagon and other an an jencies to finalize their plan to avoid massive spending cuts. >> secretary of state clinton says nato's decision missiles to turkey sends a clear message that tour ski is backed by its allies. the big concern remains an increasely desperate assad regime will turn to chemical weapons as rebel fighting rages on. the u.s. and its partners are looki
Search Results 0 to 6 of about 7